FINANCIAL PROBLEMS.

Hawera Star, Volume XLVI, 18 May 1926, Page 5

FINANCIAL PROBLEMS.

FRANCO-BRITISH NEGOTIATIONS SETTLEMENT OF WAR DEBTS. BY CABLE—PRESS ASSOCIATION—COPYBIGHT PARIS, May 16. M. Peret (Finance Minister) has gone to London, accompanied by financial experts, in order to find a. solution of the exchange problem. The rise in the sterling during the strike startled the French financiers, especially as* the fall in t-he franc coincided with the opening operations of the Savings Bank Committee, which had hoped to stop the fall. ‘ It is doubtful if a -settlement of the British debt will improve the standing of the franc, and it is also doubtful whether the French Government will be able* to find £12,000,000 annually with which to liquidate the British debt, but M. Peret intends! to explore the situation, and especially the possibility of getting back £40,000,000 lent as security to the Bank of England during the war as a basis- of French credits. M. Peret announces* that he- is unlikely to bring back a signed agreement. He declared: “I am going to London to frame a financial policy of good relations between the two conntries.”